Argentina presidential front-runner says he won’t spark default

World

BUENOS AIRES (Reuters) – Argentine center-left presidential front-runner Alberto Fernandez said on Wednesday that his policies would not lead to a debt default, adding that in a call with President Mauricio Macri, both agreed they wanted market volatility to stabilize.

Fernandez said he and his team “feel that the people have supported our proposal … and that proposal contemplates neither a default nor a risk of not paying debt, nor failing to recognize the state’s obligations,” he said.

Fernandez was the first-placed candidate in a shock primary election result on Sunday that has sent tremors through the Argentine economy, badly hurting the peso and local stock market.

Reporting by Buenos Aires newsroom; Editing by Alistair Bell

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